Ajax Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Ajax are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Ajax Mortgage Calculator Examples

Offers Anytime! Welcome To N.With Ajax And This Lovely 3 Bedroom + 3 Bath Home. Also Has Den / Office Space Upstairs. Generous Sized House With More Than 1800 Square Ft Of Finished Living Space! Large Basement Awaiting Your Personal Touch. Located In A Great Area With Lots Of Amenities And Easy Access To 401 + 407.**** Extras **** Hardwood Floors Throughout Main Floor With Walkout To Fenced Backyard. Extra Deep Lot. Great Room Features A Gas Fireplace. Home Has Rough In For Central Vacuum. (Id:23934)
CALL1.877.896.6727
Property Price
$989,000
Minimum Down Payment (%)
7.47%
Minimum Down Payment ($)
$73,900
Mortgage Insurance ($)
$36,604
Mortgage Required ($)
$951,704
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$16,255
Mortgage Insurance PST
$2,928
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$94,583
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$90,583
Monthly Payment
$4,359
Spacious Detached Located In A Family-Friendly Community. Conveniently Located Near Shopping And Schools. Main Floor Laundry, Finished Basement Features Walk-Out To The Backyard With Bedroom And Bathroom. Lots Of Storage Space.**** Extras **** Updated Kitchen With Includes Stainless Steel Fridge, Stove, Dishwasher. Washer And Dryer Included. (Id:23934)
CALL1.877.896.6727
Property Price
$801,900
Minimum Down Payment (%)
6.88%
Minimum Down Payment ($)
$55,190
Mortgage Insurance ($)
$29,868
Mortgage Required ($)
$776,578
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,513
Mortgage Insurance PST
$2,389
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,592
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,592
Monthly Payment
$3,557
Distinctive Tudor Home Situated On 2.43 Acres In Sought After Greenwood Conservation Area * Unique & Very Spacious& Bright * Approx 8,500 Square Feet Of Living Space * Lots Of Privacy With Long Entry Driveway With Nature All Around * Home Is Fully Finished Top To Bottom Including Theater Room In Basement And Gym Area With Walk-Out To Pond And Yard * Also A Legal Apartment In Basement With A Separate Entrance.**** Extras **** Electric Light Fixtures, Broadloom Where Laid, Roof(2015) Forced Air Gas Furnace(2015) Hot Water Tank(Rental) Exterior Painting(2022) Legal Basement Apartment, 8000 Watt Gas Back Up Generator. (Id:23934)
CALL1.877.896.6727
Property Price
$2,999,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$599,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,399,920
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$61,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$662,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$658,953
Monthly Payment
$10,991
Wow!! Move In Ready. This Immaculately Maintained Modern Home In A Quiet Enclave In Ajax Is Perfect For A Growing Family Stunning Hardwood Flooring Throughout The Home. Open Concept Family Room That's Fully Upgraded, Sun-Filled Unique, Spacious Corner Layout! The Primary Bedroom Has A His / Her Walk-In-Closet And A Large 5 Piece Ensuite. Second Floor Includes A Cozy Loft Style, Second Family Room. Laundry Is On The 2Nd Floor For Your Convenience. Exterior Pot Lights Around The House. Pot Lights On The Main Floor & The Basement.**** Extras **** Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Dishwasher, Stainless Steel Washer & Dryer. Interlock In Front 2017, Quartz Kitchen 2017, Hot Water Tank (Own) Furnace(Own), Wood Shutters, Chandelier. (Id:23934)
CALL1.877.896.6727
Property Price
$1,425,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$285,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,140,000
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$24,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$311,475
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$307,475
Monthly Payment
$5,221
Ajax By The Lake! This Lovely End Unit Home Is Located On A Quiet Court! Featuring 3 Bedrooms, 2 Fully Renovated Washrooms, A Spacious Living Room With Gas Stove Fireplace, Dining Room With Pot Lights & Crown Moulding. The Family Room Has A Walk-Out To A Private Fenced Yard! Walk-Out From The Breakfast Area To The South Facing Balcony With Gas Barbeque Hook-Up! All New Baseboard Heaters 2019-2022! Freshly Painted Throughout! Maintenance Fee Also Includes Hi-Speed Internet! Additional Reserved Parking Behind Unit For A Monthly Cost. Conveniently Located In South Ajax Only Minutes To Many Amenities, Including But Not Limited To Shopping, Transit, Schools, Parks, Recreation Centre, Hospital Highway 401, Go Transit And The Lake**** Extras **** Existing Fridge, Stove, Built-In Dishwasher, Chest Freezer, Washer, Dryer,, Gas Stove Fireplace, Natural Gas Barbeque, Patio Table With 4 Chairs, Umbrella & Base, 4 Plastic Adirondack Chairs, 3 Piece Bistro Set On Balcony, Garage Door Opener & 2 Remotes (Id:23934)
CALL1.877.896.6727
Property Price
$649,900
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,990
Mortgage Insurance ($)
$24,396
Mortgage Required ($)
$634,306
Best Mortgage Rate (%)
2.70%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,473
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,915
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,915
Monthly Payment
$2,905

Mortgages In Ajax

Suburban life that exists outside the city of Toronto can easily be found in Ajax! At times confused with Pickering due to the two practically having no empty space between them, Ajax is a 'textbook suburbia' that encompasses golf courses, explorable conservation areas & parks (some with beaches), healthcare centres, abundant schools, amenities, and public transportation. The real estate opportunities here are at an all-time high (thanks to the growing economy), with various housing stock dwellings that can meet or exceed home buyers' expectations. A mortgage loan can be one financial solution for purchasing a new home here, and using an Ajax mortgage calculator can help. With new residential developments going up in the horizon, buyers will find that this city is more than a great investment, and using a mortgage calculator will help you to find out what your monthly payment would be on a specifically priced home. When a home listed on the MLS has your attention and you feel you are ready to move forward to approach a lender for a mortgage loan, make sure that you have taken stock of your finances, because you are about to dive into the mortgage market. Mortgage brokers are cunning & know this market well (a great ally to have in this crazily competitive sector).
Securing a mortgage loan for a home in Ajax is not going to be a problem when you have your finances in order (if you curiously used any other type of mortgage calculator, then you already know that lenders will dive deep into your financial history). Buying a home is not usually done on a whim, but some home buyers are not as prepared financially as they should be. Lenders look at credit history (did you manage to pay off any debts in a timely manner and in full), verifiable job/income tenure, is your down payment & closing costs saved or borrowed, do you possess assets, and so on. Sure, there are lenders out there that work with people for a mortgage loan that are not financially prepared or that have less-than-spotless credit ratings & debt, but these lenders will impose higher interest rates and additional fees to cover the higher risk. Mortgage loan lenders will not offer you the full scope of mortgage products if there is more risk involved, so if you had a hybrid mortgage on your mind as ideal for your finances (a split mortgage that uses both a variable rate mortgage and a fixed rate mortgage), you may be out of luck.